As the amount of data explodes, a raft of startups have popped up offering to make sense of it all. Now Accel Partners has designated a new $100 million fund dedicated to funding them.

"We are seeing an accelerated rate of innovation in Big Data, with the newest generation of entrepreneurs re-imagining ways to extract the most value out of big data and fundamentally change the way we work and process information," Accel partner Ping Li said in a prepared statement. The company is based in Palo Alto, Calif.

"The enterprise world has already embraced the concept of Big Data and is starting to leverage insights derived from data to solve security and other business problems in ways previously unthinkable," Kramer said in the prepared statement.

The number of Big Data fundings has grown each of the last four years, according to a report from CB Insights earlier this year, going from 55 in 2008 to 164 in 2012. The number of exits, either from mergers and acquisitions or from initial public offerings, grew to 20 on 2012 from 14 in 2011 and 4 in 2010.

Among the Big Data companies that Accel has backed is Palo Alto-based relationship management analytics startup RelateIQ, which emerged from stealth last week with $20 million in funding. It automatically collects information across an organization that is now entered manually and applies analytics to it.

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